Capricorn 35, live | Without a clear direction in stock markets, attentive to inflation and results | Financial markets

What does Ibex 35 do?

Euro Stoxx 50 futures opened flat. The Ibex 35 index yesterday lost 0.45% and reached the level of 10,100 points.

What are the rest of the stock markets doing?

Yesterday, Wall Street closed in the red, with the Dow Jones falling 0.06%, leading to three days of losses.

Keys of the day

• Investors are cautiously awaiting the release of new key inflation data this Thursday, which could bolster optimism about the direction of the economy or fuel fears that the US Federal Reserve will keep interest rates high for longer than expected. According to CME’s FedWatch tool, the market expects the central bank to begin cutting rates in June, three months later than expected at the start of the year.
• The National Institute of Statistics (INE) releases preliminary CPI data for February at 9am after rising to 3.4% in January. It is expected to fall below 3% for the first time since August.
• Also in Europe, inflation is known in Germany, where it may reach its lowest level since July 2021, and France.
• In the United States, expected home sales and the PCE private consumption deflator, an inflation gauge closely watched by the Federal Reserve, are emerging and could be used to cut rates.
• The last day of February saw a flurry of business results in Spain with Grifols, Acciona, Acciona Energía, Acerinox, IAG, Meliá, Fluidra, ACS, Cellnex, Merlin Properties, Colonial, Elecnor, Tubacex, Atresmedia, Catalana Occidente and Prosegur.

What do analysts say?

“In China, news of the lifting of restrictions on the real estate sector failed to lift the spirits of investors who are expecting more from Beijing and awaiting the National People’s Congress, which begins next week. In Europe and the US, investors are looking for direction, keeping an eye on some key economic data due during the week, as well as an earnings campaign that is already in its final stages in the US but still underway. Europe,” notes MacroYield.

Ebury, a fintech company specializing in cross-border payments, said monetary easing by major central banks expected to begin in the coming months “should be positive for the Chinese currency.” However, he believes that “investors continue to wait for signs of improvement in the economic situation in China, the absence of which could prevent more significant growth of the yuan.” “The fragile state of the Chinese real estate sector and weak global demand also remain the biggest risks. In addition, relations between the US and China will have to be monitored, especially given the upcoming US presidential elections this year,” Ebury analysts warn.

What is the evolution of debt, currency and commodities?

The euro is worth 1.0836 dollars.

The price of Brent oil, the benchmark in Europe, exceeds $82 per barrel.

Ten-year Spanish bond yields fall to 3.333%.

Quotes

STOCK EXCHANGE – CURRENCIES – DEBT – INTEREST RATES – RAW MATERIALS

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